CNH Global announced this week it will build a new manufacturing plant in Harbin, Heilongjiang Province in northeast China, with an initial investment of about $90 million.
The new facility, planned to be about 4.3 million square feet, will produce high-horsepower tractors, combine harvesters and other machinery. CNH already has production facilities in Harbin as well as Shanghai.
“China is a very important market for us and we strongly believe in its potential,” said Richard Tobin, current chief financial officer of CNH who will take over as president and CEO in January. “CNH has invested in this country for more than 100 years, when the first International Harvester tractor was imported to China. We have since steadily developed our relationship with China and will continue to invest to ensure our customers have access to our best technologies and expertise.”
CNH Global is a division of Fiat Industrial.